Mustang Alliances, Inc. announced that its 2011 exploration program has been completed on the Potosi property located in Honduras. It was reconnaissance in nature and was focused on identifying recorded mineral showings, assessing areas of historical exploration and small scale surface and underground development. The Potosi concession is centered over the historic San Antonio and Tajo low sulfidation epithermal vein prospects which were first identified centuries ago, and worked on a small scale by Spanish Colonial era miners. The concession were explored by Rosario-Honduras Mining during the 1940's, and in the mid-1990's by Battle Mountain Gold (acquired by Newmont Mining Corp) and Mar-West Resources (acquired by Glamis Gold later acquired by Goldcorp) These past exploration efforts are highlighted at San Antonio by a 1994 BMG core hole which intersected 16.3 m 3.4 g/t Au, including a single 0.3 m sample which assayed 305.2 g/t Au. At Tajo, a round of core holes completed in 1997 by the BMG-MWR joint-venture returned a number of significant intercepts including: 0.9 m grading 7.24 g/t Au in PT97-5, and 13.36 g/t over 1.4 m in PT97-7. Mustang's concessions, including the Potosi property, have seen very little modern exploration efforts. It is extremely encouraged by the findings of the 2011 sampling program which continue to reflect similar values to those previously obtained in the 1990's. The following table displays the highlights of the 2011 values and assay results from the San Antonio and Tajo mineral occurrences at El Potosi: 10 m @ 15.69 g/t Au, 12 m @ 9.29 g/t Au, 51.6 g/t Ag,10 m @ 9.19 g/t Au, 74.5 g/t Ag, - Including 4 m @ 22.08 g/t Au, 167.9 g/t Ag, 12 m @ 7.10 g/t Au, 135.3 g/t Ag, 6 m @ 3.70 g/t Au, 7.3 g/t Ag, 14 m @ 1.67 g/t Au, 9.0 g/t Ag. Recent efforts by the company have been directed toward acquiring and compiling the historic information, and initiating reconnaissance sampling and geologic mapping over the property. Rock chip sampling has proven to be an excellent method of evaluating the concession block; it has already identified several favorable areas of elevated gold values for follow-up work and drill testing. In Addition, Telluris Consulting Ltd. was contracted recently to complete an ASTER satellite survey, to allow the assemblage of alteration minerals around the Potosi to be remotely sensed and evaluated. This can potentially generate additional exploration targets. Ground checking of some of these anomalous zones is underway, and will be the subject of future news releases. The company is currently finalizing the details of an extensive 2012 work program that follow up on the 2011 sample results, to delineate the property to the point where it is drill ready and to define potential reserves and areas for immediate production. The 2012 work program is expected to commence mid to late February. The company will release results of the work program as they come available.